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S. Korean Investors’ Holdings of Overseas Securities Hit New High in Q1

S. Korean Investors’ Holdings of Overseas Securities Hit New High in Q1

SEOUL, April 21 (Korea Bizwire) — South Korean investors’ holdings of foreign securities reached a new all-time high in the first quarter of the year on an overseas investment boom, data showed Thursday. Local investors held overseas stocks and bonds worth a record US$101.68 billion as of end-March, up 1.08 percent from three months earlier, [...]

Samsung to Offer Remote Warranty Service in Ukraine

Samsung to Offer Remote Warranty Service in Ukraine

SEOUL, April 20 (Korea Bizwire) — Samsung Electronics Co. is expanding warranty service for mobile devices in Ukraine following the Russian invasion in February. Samsung’s Ukrainian branch made an online announcement that it will provide long-distance warranty service for smartphones, tablets, smartwatches and other electronic devices in the country. Offline service centers will continue to [...]

Wheat Import Prices Hit Over 13-year High in March

Wheat Import Prices Hit Over 13-year High in March

SEOUL, April 20 (Korea Bizwire) — South Korea’s wheat import prices soared to an over 13-year high in March on the impact of Russia’s invasion of Ukraine and a global supply chain bottleneck, data showed Wednesday, exerting upward pressure on food prices here. The country’s import prices of wheat amounted to US$402 per ton last [...]

S. Korea Ranks 2nd Among OECD Nations in R&D Spending as Portion of GDP: Report

S. Korea Ranks 2nd Among OECD Nations in R&D Spending as Portion of GDP: Report

SEOUL, April 20 (Korea Bizwire) — South Korea placed second in research and development (R&D) spending as a portion of its gross domestic product (GDP) among major developed countries in 2020, but its tepid growth in recent years calls for more policy support, a report said Wednesday. South Korea’s R&D expenditures reached 93.1 trillion won [...]

Number of Food Service Employees Rises amid Economic Recovery

Number of Food Service Employees Rises amid Economic Recovery

SEOUL, April 19 (Korea Bizwire) — The number of employees in the food service segment rose 1.2 percent on-year in October last year as the job market improved amid the economic recovery, data showed Tuesday. The number of people employed at restaurants and eateries reached 1.56 million last October, up 19,000 from a year earlier, [...]